Clothing & Shoes
The latest news, updates and analysis on the clothing and shoes segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jun- 2022 -28 June
Dune London to launch kids footwear collection
Dune London has announced the launch of its kids’ footwear collection, which is said to be for the first time in its 30-year history. The new collection will reportedly debut on Dune London’s online platform on 1 July 2022 with a 22-piece girls range, inspired by “the premium design ethos”…
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27 June
JD Sports opens Gateshead flagship store
JD Sports has opened its latest flagship store at Gateshead’s Metrocentre on 25 June. The store is 18,000 square feet and has over 40 brands, including Nike, Adidas and The North Face, and JD Sports offered shoppers the chance to customise a pair of trainers, purchased in-store, for free at…
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24 June
Original Factory Shop mulls sale amid bid offers
The Original Factory Shop (TOFS) is reportedly mulling a sale after the discount retailer was approached with a “number” of takeover offers, according to Sky News. According to the publication, Duke Street, which has owned TOFS since 2007, has now instructed Deloitte to help it explore a potential takeover deal.…
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23 June
Nike to quit Russia after Ukraine invasion
Sportswear brand Nike has revealed it will fully pull out of Russia three months after suspending its business in the country due to the Ukraine war. It said it will scale down its operations in Russia over the “coming months”, having announced a temporary suspension on 3 March. It marks…
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20 June
Primark enters online marketplace with Click & Collect trial
Primark is set to launch a UK Click and Collect trial service on children’s products across 25 stores in the northwest, encompassing 2,000 options of clothing, accessories and lifestyle products. Around 40% of these options will be exclusive to Click and Collect, and the service is reportedly expected to drive…
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17 June
Braehead announces new Flannels store opening
Braehead, the retail and leisure destination located in Glasgow and owned by property company SGS, has announced the opening of a new Flannels store. The luxury fashion retailer, owned by Frasers Group plc, has taken on a 10,000 sq ft unit and has committed to a long-term lease. Steve Gray,…
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16 June
Asos names new CEO and chair amid profit warning
Asos has warned of lower profits this full year due to uncertain consumer purchasing behaviour and the continuation of higher return rates, with revenue growth expected to be 4% to 7% and pre-tax profits now expected to be in the range of £20m to £60m. The announcement comes as Asos…
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15 June
Missguided founder to return as CEO under Frasers Group
Missguided founder Nitin Passi has returned to the business as CEO just two weeks after the company was acquired out of administration by Frasers Group. Passi founded Missguided in 2009 with Frasers describing him as the “driving force behind what became one of the most popular online fashion destinations”. However,…
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13 June
Matalan lenders eye up advisers amid talks over retailer’s future
Matalan lenders are reportedly eyeing up appointing advisors ahead of talks about the retailer’s future financing in the face of current economic uncertainty caused by the cost of living crisis. According to Sky News, Matalan’s senior bondholders are in talks with Perella Weinberg Partners to discuss options with them set…
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8 June
Inditex profits surge 80% to £647.7m
The Inditex Group has reported that its profits increased 80% year-on-year to €760m (£647.7m) in the period ended 1 February to 30 April 2022 (Q1), amid a “sharp” recovery in store traffic and a “good” reception for all seven brands’ new season collections. However, the group made a provision of…
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